DIW downgrades German growth forecasts for 2018 and 2019

The German Institute for Economic Research, commonly known as DIW Berlin, revised their German economic growth forecasts for 2018 & 2019, citing a surprisingly weak start to the year and increasing uncertainty regarding the global economy. 

Key points:

   •  GDP to grow 1.9% in 2018 (prior forecast 2.4%).
   •  GDP to grow 1.7% in 2019 (prior forecast 1.9%).